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To: Boplicity who wrote (5566)	9/29/2000 8:32:58 PM
From: Hobie1Kenobe	Read Replies (1) \| Respond to of 13572

Greg, It's not just the active traders who are getting whipsawed. We'd better hope that when Average Joe (me included) takes a hard look at his 401k statement this quarter and notices the Janus/Fidelity etc. growth funds have taken big whacks (NOK, DELL, INTC,MSFT, etc.) that he doesn't say "screw it" and move all the balances to Money Market fund options. Lack of liquidity is an ugly thing. JF3

To: Boplicity who wrote (5566)	9/30/2000 8:58:48 AM
From: KM	Read Replies (1) \| Respond to of 13572

<<I wonder how many people are being remove from the market by these swings? >> Hey, Greg, how's it going? What the swings have done is reduce the time frame for me down to a 5-10 minute chart, even a 1 minute sometimes. Most of the more volatile stocks trade right along with the futures now. I've never had trading costs as high as this year before, because you're getting in and out so frequently to avoid the whipsaws. I may be imagining it but it seems that there are fewer daytraders than before and the bias is still heavily short/distribution on most issues I watch. I can't believe they're going to go into the election with this much negativity in the market. Maybe we need the PPT to come in and take over <G> Truff P.S. Did you dump Rambus out of the port? Wny? I think it's a pretty decent time to buy that and have been.

To: Boplicity who wrote (5566)	9/30/2000 9:29:40 AM
From: Sig	Read Replies (2) \| Respond to of 13572

<<<The FED doesn't care about the market at all. I wonder how bad they will let it get before they cry uncle and ease rates. They day they ease rates will be the day the market takes off. I wonder how many people are being remove from the market by these swings?>>>> The major bankers comprising the Fed wanted their fair share of prosperity, an extra 1/4 or 1%. For guaranteeing the safety of deposits of lesser banks.IMO things were getting out of hand, with greed producing negligence in making loans on inflated property values and issuing credit (cards)to people with marginal ability to pay. ( includes margin accounts) And the Msft millionaires became an embarrassment to the lower paid Administration which called for some braking action. Without Fed action, there may have been some natural occurrence to cool off the economy- a few more LTCM glitches, a war, or todays increase in oil prices. Will the Fed ease rates just to let the market recover? Never IMO, this volatility and churning is a gravy train for brokers and supporting banks- much more lucrative than buy and hold action. And the new money keeps pouring in via 401's and savings plans. Last month $123 bil, of which $25 bil went into the Janus funds(G) Which is something worth contemplating ! Rates will ease only when major banks start to lose client spending for homes and autos or credit card accounts. Or if a political party gets involved in demonstration of being the good guys. How many investors will stop trying? Not many, with Silicon Valley still on a tear and new IPO's and CNBC talking things up. Investing today is like a lottery , race track or Vegas When I visited Portland Meadows race track in the 1960's, ( free parking and 50 cents admission with a 'pass',I sat in the upper grandstand in front of Mr Williams, age 93. (His buddy , age 100, was not there that day, being off sick). Mr Williams had a nice apartment, rode the bus 10 miles to the track, and bet $2 to show when he felt like it. I doubt if he worried much about the impending collapse of Social security or getting a margin call. Collecting a bet, even so small, could make his day. You know how far I got per my PM, starting with 40 shares of Dell in 1993. I may be down for the year, but I sold a covered call on Sdli for 65, bgt it back for 16, sold another for 63, bgt it back for 21, and sold two more. Haven't been to a race track for 3 years-theres no money in it...hehe Sig (hangin in there)